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by youssifa
4432 days ago
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It probably depends on what kind of a company you are trying to start. Groupthink or an approach that over-emphasizes engineering in place of value prop / understanding the market you are serving can hinder you, and that could be a competitive advantage for NYC. One thing I will point out: most investors in NYC are looking for Series A or later. Or proven profitability. It's a more conventional community; the type of investors you'll see in New York made their money in PE/finance/investment banking and not tech. NYC as a market is very much a place to build a company where your primary metric is not MAU's or an innovative idea but rather something that moderately takes a linear approach in helping an established industry innovate. Or already profitable. I'd be surprised to see the next Amazon, Google, or Tesla ever come out of New York. The next DoubleClick or Travelocity? Sure. |
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